Re:A faster, more efficient cryptocurrency
by briatx on Monday February 18, 2019 @08:56PM
(#19196119)
> No, you can have 30K BTC in your brain, but unfortunately the USD value fluctuates so wildly that as a store of value, it's useless.
No, this is an important distinction. Bitcoin isn't liquid enough to count as actual money and proponents of the idea that sending bitcoin is the same as sending money are glossing over the cost to buy bitcoin, and the cost of transferring it back to actual money on the other side.
Having access to 30K BTC doesn't do you much good if nobody is willing to trade you goods or real money for it on the other side.
Re:A faster, more efficient cryptocurrency
by ecwilson on Tuesday February 19, 2019 @12:39PM
(#19200914)
You can exchange 30k bitcoin with less slippage than you think OTC.
Re:A faster, more efficient cryptocurrency
by robertAngst on Monday February 18, 2019 @10:14PM
(#19196344)
Give it a few years.
Seeing how Americans Elected Trump, I can't imagine the USD being better than BTC over 10 years.
Re:A faster, more efficient cryptocurrency
by adrianN on Tuesday February 19, 2019 @01:20AM
(#19197021)
Have you already converted all your savings to bitcoin?
Re:A faster, more efficient cryptocurrency
by camgunz on Monday February 18, 2019 @07:20PM
(#19195717)
For what it's worth, I disagree. I also think Bitcoin's energy usage is an existential issue and agree it's ridiculous we think things like "I can memorize my wallet passphrase" are at all at the same level of importance.
From an outside perspective, I don't think it's worth continuing the discussion as is. Perhaps you should both come back in a few hours when everyone is a bit calmer.